
1 trillion
1 trillion
Donald Trump has issued an executive order launching a new US sovereign wealth fund to invest the country's huge financial reserves in strategic industries such as defense, energy, technology, agriculture, and infrastructure. The funds will be used to support American jobs and expand the economy. This move comes after several years of talks between government officials about creating a national wealth fund like those already established by China and other nations.
The US Sovereign Wealth Fund (USSWF) will have an initial investment capital pool of $1 trillion, which represents a significant portion of America's foreign currency assets. This money will be managed by private sector professionals working under the guidance of an advisory board appointed by President Trump himself. The goal is to generate returns that exceed inflation while also supporting domestic growth goals.
According to White House press secretary Sean Spicer, President Trump sees this as an opportunity not only for financial gain but also for national security purposes. By investing in key sectors like defense or energy we can help ensure our country remains competitive on both fronts moving forward into whatever challenges may arise in coming decades.